Mortgages Made Simple with Rick Gundzik

Sunday, September 30, 2007
My loan is about to adjust, should I refinance now or fix my credit? - September 30, 2007
My loan is going to reset in 2 months. Is now the time to refinance with slightly bad credit? Mortgages Made Simple logoThis week we answer a podcast listener's question. Her mortgage is about to adjust but her credit has a couple blemishes. She wondered whether she should use her extra money to get a lower interest rate or payoff some credit card debt to improve her credit score. She also wanted to know if she should spend some of that money on home improvements to increase her home's value. Home financing decisions can be complicated so you should always think them over carefully and get advice if you are the sligtest bit confused. A small mistake now can cost you thousands of dollars later.




Show Notes: Rapid Rescore - A way to increase your FICO score if there is an error on your credit.

Be sure to leave us any questions you have and we'll answer them on the show.

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posted by Pac Res @ 10:07 AM   0 comments
Sunday, September 23, 2007
The Fed lowers Rates? - September 23, 2007
The Fed lowered interest rates. Mortgages Made Simple logoDoes that mean your mortgage payment will drop? We discuss what it means when the Fed lowers rates and what effect it has on you and your mortgage. Also, we finally find a positive person with some Good News about foreclosures? It's not that bad. Let's get back to normal and quit being so scared.



Show Notes: LA Times - must register to view LA Times - Foreclosure News


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posted by Pac Res @ 10:17 AM   0 comments
Sunday, September 16, 2007
How to choose your loan officer - Sept 16, 2007
What traits should you look for in your loan officer? Experience, Integrity, should they be a mortgage broker loan officer or a bank loan officer, etc. Mortgages Made Simple logoWe'll give you a brief rundown to help you secure the best loan from your loan officer.




Show Notes: Fannie Mae - Federal National Mortgage Association http://www.fanniemae.com/

Freddie Mac - Federal Home Loan Mortgage Corporation http://www.freddiemac.com/

FHA - Federal Housing Administration
http://www.hud.gov/


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posted by Pac Res @ 10:20 AM   0 comments
Friday, September 7, 2007
Listener Questions Answered - September 9, 2007
This week we take a break from our regular format and answer 3 podcast listener questions. Mortgages Made Simple logo 1. What is a 3 day right of recission? 2. Should I buy a home now? Are home prices going up or down? and 3. Are speculators the cause of this whole subprime mortgage problem?






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posted by Pac Res @ 11:36 PM   0 comments
Sunday, September 2, 2007
What is the Best home loan? - September 2, 2007
What is the Best home loan for you? This week we discuss Mortgages Made Simple logothe items you need to think about and explain to your loan officer to ensure you get the best home loan for you. Is it an adjustable loan or a fixed rate loan? Is it a 30 year fixed, 20 year fixed or a 5/1 ARM? With the myriad of loan programs available it is important to know your goals.

We also discuss President Bush's program to help homeowner's who might be having trouble making their house payment.


Show Notes: FHA subprime help Article - L.A. Times



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posted by Pac Res @ 11:42 AM   1 comments

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